Liberty Latin America (NASDAQ:LILAK) Shares Down 4.4% – Time to Sell?

Liberty Latin America Ltd. (NASDAQ:LILAK) shares fell 4.4% during mid-day trading on Tuesday . The company traded as low as $7.07 and last traded at $7.01. 85,366 shares changed hands during trading, a decline of 88% from the average session volume of 732,231 shares. The stock had previously closed at $7.33.

Analyst Ratings Changes

LILAK has been the subject of several analyst reports. The Goldman Sachs Group reduced their target price on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Scotiabank reduced their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th.

Liberty Latin America Stock Down 5.2 %

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -2.31 and a beta of 1.02. The firm has a 50-day moving average of $6.60 and a two-hundred day moving average of $8.07.

Liberty Latin America (NASDAQ:LILAK) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($1.05). Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion.

Insider Activity

In related news, Director Brendan J. Paddick acquired 35,475 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average cost of $7.04 per share, with a total value of $249,744.00. Following the completion of the acquisition, the director now owns 1,273,443 shares of the company’s stock, valued at $8,965,038.72. This trade represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have bought 156,298 shares of company stock worth $1,043,886. Company insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

Institutional investors have recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in Liberty Latin America in the fourth quarter worth $41,000. Bleakley Financial Group LLC acquired a new position in Liberty Latin America during the 4th quarter worth about $65,000. Bridgefront Capital LLC bought a new stake in Liberty Latin America during the 4th quarter worth about $65,000. Sargent Investment Group LLC bought a new stake in Liberty Latin America during the 4th quarter worth about $69,000. Finally, KBC Group NV raised its stake in shares of Liberty Latin America by 62.5% in the fourth quarter. KBC Group NV now owns 11,879 shares of the company’s stock worth $75,000 after acquiring an additional 4,571 shares during the last quarter. 52.98% of the stock is owned by institutional investors.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.